Ethereum has pulled back toward the $2.4K region after participating in the broader crypto recovery.
After a strong move, some profit-taking is completely normal. The important question now is whether this pullback remains controlled or starts changing the short-term market structure.
The $2.4K area is therefore becoming an important level for me.
🟢 Bullish scenario:
If $ETH holds around $2.4K and buyers begin returning, Ethereum could attempt to recover toward $2.5K.
A successful move back above $2.5K would make the short-term recovery look stronger.
🔴 Bearish scenario:
If $ETH breaks below $2.4K and cannot reclaim the level, sellers could gain more control and push price toward lower support areas.
🎯 My view:
I am not treating the current pullback as an automatic trend reversal.
I want to see how $ETH reacts around support first.
The best setups usually come when price reaches an important level and then gives confirmation. Until that happens, patience is more useful than guessing.
For me:
$2.4K = key support area
$2.5K = important recovery level
4H candel chart;
